Offseason in review for the Cincinnati Reds

The Reds almost made the playoffs last year as they promoted several exciting prospects and seemed to firmly end their rebuilding period. They added to that foundation this offseason by spreading money around to several free agents.

Major League signings

• 1B/3B Jeimer Candelario: Three years, $45M (including buyout of 2027 club option)
• RHP Nick Martinez: Two years, $26M (Martinez can opt out after 2024)
• RHP Frankie Montas: One year, $16M (including buyout of 2025 mutual option)
• RHP Emilio Pagan: Two years, $16M (Pagan can opt out after 2024)
• C Luke Maile: One year, $3.5M (including buyout of 2025 club option)
• LHP Brent Suter: One year, $3M (including buyout of 2025 club option)
• RHP Buck Farmer: One year, $2.25M
• C Austin Wynns: One year split deal (Wynns was later outrighted off 40-man)

2024 spending: $61.75M
Total spending: $111.75M

Option decisions

• Team declined $20M option on 1B Joey Votto in favor of $7M buyout
• Team declined its end of $4M mutual option on C Curt Casali in favor of $750K buyout

Trades and claims

• Claimed OF Bubba Thompson off waivers from Royals (later lost on waivers to Yankees)
• Traded OF TJ Hopkins to Giants for cash considerations
• Traded RHP Daniel Duarte to Rangers for cash considerations
• Claimed OF Bubba Thompson off waivers from Twins

Notable minor-league signings

• Tony Santillan, P.J. Higgins, Reiver Sanmartin, Alex Blandino, Connor Overton, Mark Mathias, Erik Gonzalez, Brooks Kriske, Hernan Perez, Conner Capel, Brett Kennedy, Justin Bruihl, Alan Busenitz, Tyler Gilbert, Josh Harrison, Tony Kemp, Mike Ford

Extensions

• IF/OF Jonathan India: Two-year, $8.8M deal to avoid arbitration

Notable losses

• Joey Votto, Harrison Bader, Curt Casali, Nick Senzel (non-tendered), Derek Law (non-tendered), Justin Dunn, Ben Lively, TJ Hopkins, Daniel Duarte, Levi Stoudt, Jose Barrero

Though the Reds came up just shy of a postseason berth in 2023, it was still an encouraging campaign. Exciting prospects like Elly De La Cruz, Matt McLain, Christian Encarnacion-Strand, Andrew Abbott and Noelvi Marte all debuted, adding to a roster of young talent that already included TJ Friedl, Spencer Steer, Will Benson, Jonathan India, Tyler Stephenson, Hunter Greene, Nick Lodolo and others.

It was a turning point moment for the franchise in another way as well. In addition to that infusion of young talent, 2023 was the final guaranteed year of Joey Votto’s long-running contract. Signed way back in 2012, he had many excellent seasons for the Reds. But as is so often the case with lengthy contracts, the final years weren’t especially pleasant. Votto missed time in each of the past two years thanks to shoulder surgery. He could have been retained via a club option but the Reds understandably wanted to give more playing time to younger players.

It’s a bittersweet pivot for the club, as Votto is a franchise legend and was one of the few reasons to watch during some challenging years. But he was making $25M annually in the final years of his contract, a sizeable chunk of change for a club that doesn’t generally run high payrolls. He lingered in free agency for a while but recently signed with the Blue Jays on a minor league deal which comes with a modest $2MM base salary if he makes the club.

With Votto’s contract off the books, the Reds were able to have one of their busiest offseasons in recent memory. Their huge supply of position players seemed to not only squeeze out Votto, but also led to plenty of speculation about a trade. Since the club had an on-paper infield of Marté, De La Cruz, McLain and Encarnacion-Strand, it seemed that Steer was going to be pushed to the outfield and India onto the trading block.

Despite persistent rumors, the club was consistent in maintaining that India wasn’t going anywhere. The 2021 National League Rookie of the Year is coming off two injury-marred campaigns but the Reds seemed to believe in a bounceback and also to value his clubhouse presence. Not only was he not traded, he got a two-year deal to avoid arbitration, locking in a salary for 2025.

The club not making a trade was one surprise, but it was even more surprising when they added another infielder. They signed Jeimer Candelario to a three-year, $45M deal with a club option for 2027. His presence further crowded the infield picture, but the Reds don’t have a strict DH, so they could use that spot to rotate their many infielders through. Candelario also gave them a bit of insurance if any of their young infielders suffered an injury or a sophomore slump and needed to return to the minors for a spell.

In hindsight, it now looks wise that they added to their infield, as Marté was recently hit with an 80-game suspension for a positive PED test. As he will sit out the first half of the season, the infield suddenly looks far less crowded. Candelario can play both corner spots but will now likely replace Marté as the regular third baseman.

Elsewhere in the position player mix, the club was facing a slight catching shortage. Last year, they had three backstops, with Luke Maile and Curt Casali in the mix. That allowed Tyler Stephenson to serve as the designated hitter and occasionally play first base. He had a bit of a down year but at least the smaller workload behind the plate kept him off the injured list. Each of Maile and Casili became free agents but the Reds re-signed Maile. Since Casali signed elsewhere, it seems they will pivot to a more traditional two-catcher setup this year.

But the main target of the offseason was pitching. The pitchers on the 2023 club were fairly inexperienced and they also dealt with a number of injuries. The pitching staff as a whole had a 4.83 earned run average last year, better than just five other clubs in the majors. The rotation was even worse, with the Cincy starters posting a 5.43 ERA, better than just the Athletics and Rockies.

They could have expected some improvement just with their incumbent options. Each of Greene, Lodolo and Graham Ashcraft spent time on the injured list last year, while Abbott was only able to log 109 1/3 innings due to his midseason promotion. But the club wasn’t content to rely solely on improvements from that group and went on to cast a wide net this winter in looking for upgrades. Their interest extended to notable free agents and trade targets, including Sonny Gray, Tyler Glasnow, Dylan Cease, Shane Bieber, Yariel Rodriguez and Wade Miley.

They didn’t seem to find much traction in those pursuits. The talks with the White Sox about Cease stalled when the Sox seemingly asked for four or five notable prospects, a price that the Reds were understandably unwilling to pay.

Instead, their big rotation addition came from free agency. The club took a bounceback flier on Frankie Montas, who has been battling shoulder issues for quite some time. He missed some time late in 2022 due to his shoulder and was shaky when on the mound, then required surgery going into 2023 which wiped out most of that season.

There’s certainly risk in giving $16M to a pitcher with those health concerns, but it’s only for one year and will be a bargain if Montas can get back to his previous self. He made 32 starts with the A’s in 2021 with a 3.37 ERA, 26.6% strikeout rate, 7.3% walk rate and 42.8% ground ball rate.

The club also bolstered their staff by signing swingman Nick Martinez, who will likely be in the rotation but could eventually end up in the bullpen depending on how things play out. He has worked both roles with the Padres over the past two years, giving Cincy some flexibility to assess the health and performance of Greene, Abbott, Lodolo, Ashcraft and others.

In case Martinez is needed in the rotation, the club also reinforced their bullpen in other ways. They took a gamble on Emilio Pagan, signing him to a two-year deal. He’s coming off a strong season, having posted a 2.99 ERA with the Twins in 2023. But he’s a flyball pitcher who saw his home run to flyball rate drop to 5.3% on the season. The previous three seasons saw that rate fall in the 13-19% range as his ERA finished between 4.43 and 4.83 in those years. Cincinnati’s Great American Ball Park was the most homer-friendly venue in the league last year, per Statcast, so the move is a bit eyebrow-raising.

On the other hand, their signing of Brent Suter looks like a steal. He has kept his ERA under 4.00 in five straight seasons, generally doing a great job limiting hard contact. That continued in 2023 even though he moved to the hitter’s haven of Coors Field. He likely could have secured a contract larger than one year and $3M if he looked to maximize his guarantee, but he grew up in Cincinnati and went to high school there, perhaps leading him to take a bit of a discount to play for his hometown team. Buck Farmer was also brought back to Cincy on a modest deal.

All told, the club boosted the floor in a lot of different areas. They added a couple of starters to the rotation, a few relievers to the bullpen and even added to the already-strong position player mix. Perhaps the recent news about Marte will lead them to dip back into free agency, as there are still players out there.

The club was previously connected to Michael A. Taylor, who remains unsigned. He can provide elite defense and his right-handed bat would pair well with lefty-swinging outfielders like Friedl, Jake Fraley and Will Benson. Steer and India are both right-handed and in the mix for outfield playing time but the Marte suspension might open up some infield playing time for them, perhaps making the fit for someone like Taylor more viable.

Regardless of how that plays out, the roster looks strong going into 2024. They were carried by their lineup last year and almost made the playoffs, despite dismal results from their pitching staff. Even a slight correction could be enough to make them a legit playoff club, but they also increased their chances by signing Montas, Martinez, Pagan, Suter and Farmer. Internal improvements from Greene, Lodolo, Abbott, Ashcraft and others would only help matters.

The National League Central is fairly wide open, with no clear favorite. The Reds clearly sensed they have a chance this year and are trying to take advantage. They didn’t make any blockbuster moves but strengthened the roster in several other ways.